RR Kabel, India s fifth largest branded wires and cable manufacturer, plans to use funds raised through the IPO to repay or prepay borrowings, in part or in full, from banks and financial institutions, , RR KABEL, ipo
NEW DELHI (Reuters) - Indian wire and cable maker RR Kabel Ltd., backed by private equity firm TPG, filed for an initial public offering on Sunday, seeking to raise up to $27.53 million, according to its draft prospectus filed to India's market regulator and seen by Reuters. | 09:34am
The IPOs of Archean Chemical and Five Star Business will be open for public subscription on November 9 and close on November 11, while that of Kaynes Technology and Inox Green are set to kick off on November 10 and November 11 respectively, as per the red herring prospectus (RHP).
This came after four companies launched their initial share-sales last week. Of these, two IPOs maker of snacks and sweets Bikaji Foods International and Global Health Ltd which operates hospitals under the Medanta brand are currently underway. Get more Markets News and Business News on Zee Business.
The primary market continues to be a busy one with four firms, including Archean Chemical Industries and Five Star Business Finance, are set to float their IPOs next week.